|
86- 102840
<br />M09W.AGE
<br />. . . . . . . . . -------
<br />MORT GAGF LOAN NO.
<br />XW)W ALL MFN BYTICESE PRF-St"NTS.1-hat Tbanas R. King ar-tJ Carol Dvorak King, each in his and her
<br />own right and as spouse of each other, ld 10 Mortgagor, whether one of mom, in consideration of thic, sum of
<br />_Elfty_Twm.-Thr�,.Six-Hundred.,FU-ty--ax noy LLARS
<br />Wasted to said nw4W by The Equitable Building and I.Asim Association of Grand Wand. Nebtaska, Mortgagee, upon 526 shares of stock of
<br />mW ASSMIATIOtil. Certificate NO 1, 24,502 do hereby' grant, COMTY And niortgafri: unto the said ASSOCIAMON the follo"
<br />desailied real comic, situated in flail County, Nebraska
<br />Lot Ow (1) , Block Fifteen (15) , ch-,xies Wasner's
<br />Additioft to the City of GrarjJ Island, Hall County,
<br />Nebraska.
<br />ging, including attache floor coverings. all window screens.
<br />Together with all the tenements, heredijarnents in,) thereunto attached
<br />window shades, blinds, storm wirctksws. Awnings, bcattng. air conditioning,arul piumbing anti water equipment 3nd accessories thereto, pumpis,slOVes.
<br />efrigurstrals, and udder fixtures and equipment oo _f hereafter attache.( tu used in ontriection with said real estate.
<br />And whereas the said mortPgor has agreed And d(VI hereby agree trial the motigAiior shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this nictrigagc And The horld secured thereti, before the same sludl become delinquent; to furnish approved
<br />kasurance upon the buildings on said premises situated in the zana A S52,650.00 pyable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for sand insurance. Arid ),it to onjurin of permit arty -.astr,m of about said premises;
<br />In case of default in the performance of any of fire terms arid corkd)tcons or tins incirtpAge Or the thind secured hereby, the mortgagee shall.
<br />on dcrinaind, be entitled to immediate possession of N'. ;mutgaged premises and fire rouitgagof hereby assigus, transfers and sets over to the
<br />'es clutuni me
<br />munpipee all the rents, revenues and income to he t1cfivird from the twittgarged Picull such time as the morigage indebtedness shall remain
<br />mi said premises and renting
<br />unpaid: arid the mortgagee "I have ft power WAP1110itat any agent if, agcrui it may desire for the Purpose Of repairing PFe
<br />the samu. arid collecting the rents, revenues slid mc�nctr, and it fnay PJY out 4 said income Ail expenses of repairing said premises arid necessary
<br />commissions and expenses incurred in renting And managing the :ante And )f CORCC ?t 1 rentals therefrom; the balance remaining, if any. to be
<br />applied toward the discharge of said mottgage indi, bled itess hew r Wh I k k :i I he if if I gal-e,, may be exercised at any time during the existence of such
<br />definkit, irrespective of any temporary wit—F kif the same
<br />'These Presents, however, are ulun the Conda.m. FhAi it the tin! Moflrgt,r shall repay said loan Lin or before the maturity of said shares by
<br />before
<br />payment; pay monthly to said ASSOCIATION of the %um %pe"twd if, 11y. 11wid w wed lil•eby as interest and principal on said ban, on or
<br />ibeTwentiethdayM each and every nicin I h -un i, I said loan is fLdlv paid; pay 111taxes a nd a ssc&,anc n I s levied Against u.jd premises and art this Mot tgage
<br />• 0 payable
<br />and the Bond secured thereby.befoic dclutqucfjj:y. (cutush Approved nouratice upon the buildings thereon in the sum of 52, 6 0. U Y
<br />to said ASSOCIATION( repay to said ASSOCIATION vpni demand ail ino,xv by it Paid for such taxes, assessments and insurance with interest at
<br />the maximum legal late theicont tront date of payment ail i t which Mostgagur herelty agrees ui pay: permit no waste on said premises'. keep and comply
<br />with all the agreements and conditions of the B,)nd lot $ 7 c, 65u .OU ttlij day given by the vii vii Mortgagor to said ASSOCIATION, and comply
<br />with an the require counts of Ili, Constitution and By 4AWS (4 said &INVIA I ION. then these presents shall become null and void, otherwise they
<br />1W iernam irt full loNor And may be loreclOscd A; the oplion of the said ASSOCIATION after failure for three months to make any of said
<br />payments or be three inuilths in actual$ it,. making said r000thly payments, (K to keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor apees to have A tecrivvt spit` nucJ furrhwith in such totectimute, proceedings.
<br />It there a any chamilit in ownership of the 1,11 estate mortgaged herein, by sale of otherwise, then the cattle remaining indebtedness hereby
<br />secured shall, at the option Of The Equitable Building and Uran Association of Grand Wind, Nebraska, become immediately due And payable without
<br />further ncitice, and the amount remaining due under said bond, And any other bond for any additional advances nude thereunder, %hill, from the
<br />date of exercise of stud option• beat interest at the MAXIMUM kP1 late, Arid this inortggge nay then be foreclosed to satisfy the amount due on said
<br />bood.ricid any other bond for additional Advances, iogethcT with all sums; paid by aid The Uquitable Building and Loan Association of Grand Islascid,
<br />Nebraska for mWraocc, taxes Arid assessirxnts, and atKiracting extension charges, with interest thereon, from date of payment at the maxincturi
<br />WPI rate,
<br />As provided in the Bond secured hereby, while this rusirigage irmanis in effect the mortgagee may hereafter advance additional sums to the
<br />makers of said Bond, it" hiamp's or suoczswk in mict", which itaffe, shall be within the security of this wofigagc the same as the funds OfigmALRY
<br />secured thereby, the total amount of ptimapid lebt not to excred at any tune the original anciturit Of this mortgage.
<br />fated this "Uth y o May 1 n., P) 86
<br />Unrio I -LVIL�K-dn ir�LT 10
<br />sun. OW NEBRASKA, ta, Ori his 30th day of ".,4v 14216 before me,
<br />COUNTY CW 14ALL
<br />:he on<dersigied, A NOUITV PUMIC :11 And for said ('0unfY - Pelsonalty came
<br />ThaaaS R. Kjrq wti Carol Ki:Y4, 'aCh iii his a."! i.Wn rlq as spo A" ks�.
<br />citilie r
<br />car to W the PientKal Pict-in S wtianx abrov S 'Arij xfliwj !" itie It--- "'itrwoe"! as I—VIFAg- 6 anal LP's Y severally
<br />*Aao,wIcfdfai4 the sand ufstiusiaeru t,, tv 141111ij.. N end '!".j
<br />"o hap't .,j thr 'tat -0-1 Oat
<br />A _qrT.1
<br />wait
<br />-n
<br />d
<br />
|